The PKO TFI fund sold a portfolio of five retail parks with a total leasable area exceeding 35,000m2 to Lords LB Asset Management. In the transaction, the seller was represented by BNP Paribas Real Estate Poland.
The retail parks sold by PKO TFI are located in medium-sized cities in central, eastern and western Poland - in Kalisz, Głowno, Puławy, as well as in Swidnica and Przemysl. The smallest facility, in Puławy, offers just over 2,500m2 of leasable area, while in the largest one in Swidnica, tenants have a little over 10,000m2 at their disposal.
"The change in customer habits and expectations over the last two or three years has made the retail park sector flourish and investments are not slowing down. The transaction in which we advised confirms the potential and high confidence of foreign capital in well-commercialized assets of this class," said Mateusz Skubiszewski, Director of the Capital Markets Department, BNP Paribas Real Estate Poland
"The retail parks we have sold have been important places for local communities for years. An excellent location is always on the way and a carefully arranged list of shops makes residents eager to visit and shop there. By handing over this portfolio to an experienced investor, supported by advisors from BNP Paribas Real Estate Poland, we are sure that these centres will continue to maintain their strong position," said Paweł Welo, Director of the Real Estate Investment Department, PKO TFI.